Tyson Foods, Inc. (NYSE:TSN) Receives $60.80 Consensus PT from Brokerages

Shares of Tyson Foods, Inc. (NYSE:TSN) have been given an average recommendation of “Reduce” by the ten research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $60.80.

Several research analysts have commented on the stock. Stephens increased their price objective on shares of Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Piper Sandler raised their price target on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, November 13th. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Bank of America cut their target price on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Citigroup decreased their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th.

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $55.73 on Thursday. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 0.82 and a beta of 0.81. The firm has a fifty day moving average price of $60.15 and a 200 day moving average price of $60.33. Tyson Foods has a fifty-two week low of $51.16 and a fifty-two week high of $66.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 2.04.

Insider Buying and Selling

In related news, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the completion of the transaction, the director now owns 36,179 shares in the company, valued at $2,304,602.30. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John H. Tyson sold 185,394 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the completion of the sale, the chairman now owns 3,003,374 shares in the company, valued at approximately $191,525,159.98. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 414,814 shares of company stock valued at $26,450,955. Company insiders own 2.03% of the company’s stock.

Institutional Investors Weigh In On Tyson Foods

Several large investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its stake in shares of Tyson Foods by 0.9% during the third quarter. Crossmark Global Holdings Inc. now owns 19,482 shares of the company’s stock valued at $1,160,000 after acquiring an additional 172 shares in the last quarter. Signaturefd LLC raised its position in Tyson Foods by 6.9% during the 3rd quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after purchasing an additional 175 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tyson Foods by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,800 shares of the company’s stock worth $643,000 after buying an additional 184 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Tyson Foods by 0.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 48,829 shares of the company’s stock worth $2,908,000 after buying an additional 189 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Tyson Foods by 2.1% during the third quarter. Empirical Finance LLC now owns 9,957 shares of the company’s stock valued at $593,000 after buying an additional 206 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.